1458 LAWS OF MARYLAND.

Fahey, J. Fred Crew and Joseph H. Whiteford, all of Harford
county, Maryland, and their successors or assigns, and all
other persons who may hereafter become stockholders in said
company, be and they are hereby constituted a body corporate
under the name and style of the Conowingo Ferry Company,
and by that name shall have perpetual succession, subject,
however, to any constitutional power of the General Assembly
of Maryland to amend, alter or repeal this Act.

SEC. 2. And be it enacted, That the said company shall have
the power to sue and be sued, plead and be impleaded, answer
and be answered in any court of law or equity whatsoever; and
to have a common seal and to alter and change the same at
pleasure.

SEC. 3. And be it enacted, That the capital stock of said
company shall be twenty-five hundred dollars, divided into two
hundred and fifty shares of a par value of ten dollars each; and
the said capital stock may be increased by the stockholders,
or a majority of them, to an amount not exceeding-twenty-five
thousand dollars, and any time after passage of this Act
books may be opened by the incorporators named herein, or a
majority of them at such time and place as they may elect, and
when a majority of the said capital stock has been subscribed
and the subscription accepted by said incorporators, the said
incorporators shall call a meeting of the subscribers whose
subscriptions have been accepted at such time and place, with-
in Harford county, as they may appoint, by giving a reasona-
ble notice to each of said subscribers; at such meeting the
said incorporators shall lay the subscription books before the
subscribers then and there present, and the subscribers repre-
senting a majority of the subscribed stock shall elect three or
more directors, not exceeding five, all of whom being stock-
holders in said company, to manage the affairs of said com-
pany for the next ensuing year, or until their successors are
elected and qualified, and the said directors when elected from
their own number a president, and if required, a vice-president,
but may elect other officers not of their own number. The in-
corporators herein mentioned shall act as judges at the elec-
tion of said directors, and until such election of directors shall
be the managers of the said company, with the full powers of
directors. The said directors shall provide for an annual
election of directors and shall make such necessary by-laws and
regulations for the management of said company, and may em-
ploy such secretaries, clerks, mechanics, laborers or other
employes as shall be necessary for the proper conduct of the
business of said company, and may pay such salaries or wages
as may be mutually agreed upon.